When Bankers Attack: The Big Business of Patenting Blockchain Tech
The largest banking corporations and economic interests in the world are entering into a patent war for Bitcoin’s underlying blockchain technology. Stage Set for Blockchain ‘Patent War’. If you are a Bitcoin early adopter, you may have an altruistic view on the world of open-source technology, seeing it as a something that should be shared with the world, to serve the greater good, without wallowing into the abyss of avarice. You probably also haven’t worked on Wall Street very long, either. The largest banking corporations and economic interests in the world are entering into a “Patent....
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True blockchain-led transformation is still many years away, according to an article, “The Truth About Blockchain” in the Harvard Business Review, because it does not deliver a truly “disruptive” business model which can attack an existing model with a lower cost solution, rather it is a “foundational” model since it can create new foundations for economic and social purposes. The article was written by Harvard business administration professors Marco Iansiti and Karim Lakhani. Blockchain technology promises a lot of benefits and for good reason, the article noted. It can provide contracts....
Writing about the recent Inside Bitcoins conference in Tel Aviv, Coinapult Director Gabriel Sukenik reports that the Israeli tech community has very clearly identified blockchain technology as a crucial tool for future development. Bitcoin was seen as a clear and obvious inevitability, by all parties including politicians and central bankers. "There were speakers from Israeli Parliament as well as the Central Bank of Israel. I remember my jaw hitting the floor when I heard a Central Banker make reference to when Bitcoin becomes systematically valuable, just like the dollar or euro. Not if,....
The International Ripple Business Association (IRBA) has recently relaunched with a new website. The IRBA is a non-profit 501(c)(3) organization that focuses on promoting business activity that is built into the Ripple protocol. The IRBA provides guidance to businesses based on the principals used by the American Bankers Association, and the Asian Bankers Association. Special gateways allow the movement of funds to and from Ripple. The gateway acts as an entry point to the Ripple ecosystem, allowing individuals to deposit their funds directly on the network. The IRBA has certified fifteen....
SAP Ariba, the US software and IT firm owned by tech giant SAP, has integrated its services with blockchain startup Everledger. Announced today, the move will see SAP Ariba deploy the tech for use in supply chain applications, one of the services the company provides. According to SAP Ariba, more than 2.5m companies utilize its offerings. Everledger, based in London, uses blockchain to track the provenance of diamonds and other assets. SAP Ariba said that it is also joining the Linux Foundation-backed Hyperledger blockchain community. Joe Fox, SAP Ariba's senior vice president for business....